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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of IESC
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High volatility in Integrated Electrical Services stock price on Friday which ended trading at $161.39
(Updated on May 03, 2024)

Buy or Hold candidate since Apr 22, 2024 Gain 37.14% PDF

The Integrated Electrical Services stock price gained 17.92% on the last trading day (Friday, 3rd May 2024), rising from $136.86 to $161.39. During the last trading day the stock fluctuated 15.11% from a day low at $148.99 to a day high of $171.50. The price has risen in 8 of the last 10 days and is up by 39.72% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 233 thousand more shares were traded than the day before. In total, 386 thousand shares were bought and sold for approximately $62.32 million.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $147.26, a level that may pose a second chance to hit a runner. According to fan-theory $172.02 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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IESC Signals & Forecast

The Integrated Electrical Services stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $137.08 and $123.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 39.72%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Integrated Electrical Services stock

On the downside, the stock finds support just below today's level from accumulated volume at $133.63 and $125.53. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Integrated Electrical Services finds support just below today's level at $133.63. If this is broken, then the next support from accumulated volume will be at $125.53 and $121.64.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $22.51 between high and low, or 15.11%. For the last week, the stock has had daily average volatility of 6.36%.

The Integrated Electrical Services stock is extremely overbought on RSI14 (85). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $156.06 (-3.30%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (IESC) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Integrated Electrical Services to open at $160.63, and during the day (based on 14 day Average True Range), to move between $153.51 and $169.27, which gives a possible trading interval of +/-$7.88 (+/-4.88%) up or down from last closing price. If Integrated Electrical Services takes out the full calculated possible swing range there will be an estimated 9.76% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $133.63, some $27.76 (17.20%) from the current price of $161.39, our system finds the risk reward attractive.

Is Integrated Electrical Services stock A Buy?

Integrated Electrical Services holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Integrated Electrical Services of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$160.63 ( 0.472%) $161.39

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for IESC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 183.13 13.47 %
R2 174.54 8.15 %
R1 169.23 4.85 %
Current price: 161.39
Support S1 152.03 -5.80 %
S2 146.72 -9.09 %
S3 138.12 -14.42 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 161.39
Support S1 133.63 -17.20%
S2 125.53 -22.22%
S3 121.64 -24.63%

FAQ

What is the symbol for Integrated Electrical Services Stock and on which exchange is it traded?
The symbol for Integrated Electrical Services is IESC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Integrated Electrical Services Stock?
Integrated Electrical Services holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

How to buy Integrated Electrical Services Stock?
Integrated Electrical Services Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Integrated Electrical Services Stock.

What's the current price of Integrated Electrical Services Stock?
As of the end of day on the May 03, 2024, the price of an Integrated Electrical Services (IESC) share was $161.39.

What is the 52-week high and low for Integrated Electrical Services Stock?
The 52-week high for Integrated Electrical Services Stock is $171.50 and the 52-week low is $42.47.

What is the market capitalization of Integrated Electrical Services Stock?
As of the May 03, 2024, the market capitalization of Integrated Electrical Services is 2.768B.

When is the next earnings date for Integrated Electrical Services?
The upcoming earnings date for Integrated Electrical Services is Aug 02, 2024.
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About Integrated Electrical Services

Integrated Electrical Services IES Holdings, Inc. designs and installs integrated electrical and technology systems, and provides infrastructure products and services in the United States. Its Commercial & Industrial segment offers electrical and mechanical design, construction, and maintenance services for office buildings, manufacturing facilities, data centers, chemical plants, refineries, wind farms, solar facilities, municipal infrastructures, and health care facilities. ... IESC Profile

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